Multiple Choice
What is the inventory conversion period for O'Brian's if it has sales of $320,000, an average inventory of $5,333, and a cash conversion cycle of 20 days? Assume that the cost of sales is 55 percent of sales.
A) 6 days
B) 11 days
C) 13.5 days
D) 15 days
Correct Answer:
Verified
Correct Answer:
Verified
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